Asia Cuanon Technology (Shanghai) Co (SHSE:603378) Days Payable: 2,369.76 (As of Mar. 2026) — 923% Above Median

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SHSE:603378 Asia Cuanon Technology (Shanghai) Co Ltd SHSE:603378
38 GF Score
Price ¥5.08
GF Value ¥1.18
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Asia Cuanon Technology (Shanghai) Co Days Payable?

Asia Cuanon Technology (Shanghai) Co SHSE:603378 +1.80% 38 Days Payable is 2,369.76 as of Mar. 2026, which is 923% above its 10-year median of 231.61. GuruFocus rates SHSE:603378 with a GF Score™ of 38/100 and a GF Value™ of ¥1.18 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,553 Chemicals companies, Asia Cuanon Technology (Shanghai) Co ranks better than 98.97% on this metric.

Asia Cuanon Technology (Shanghai) Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥748.0 Mil. Asia Cuanon Technology (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥28.8 Mil. Hence, Asia Cuanon Technology (Shanghai) Co's Days Payable for the three months ended in Mar. 2026 was 2,369.76.

The historical rank and industry rank for Asia Cuanon Technology (Shanghai) Co's Days Payable or its related term are showing as below:

SHSE:603378' s Days Payable Range Over the Past 10 Years
Min: 115.68   Med: 231.61   Max: 922.79
Current: 922.79

During the past 13 years, Asia Cuanon Technology (Shanghai) Co's highest Days Payable was 922.79. The lowest was 115.68. And the median was 231.61.

SHSE:603378's Days Payable is ranked better than
98.97% of 1553 companies
in the Chemicals industry
Industry Median: 59.87 vs SHSE:603378: 922.79

Asia Cuanon Technology (Shanghai) Co's Days Payable increased from Mar. 2025 (1,113.17) to Mar. 2026 (2,369.76). It may suggest that Asia Cuanon Technology (Shanghai) Co delayed paying its suppliers.


Asia Cuanon Technology (Shanghai) Co Days Payable Related Terms


Asia Cuanon Technology (Shanghai) Co Days Payable Historical Data

* Premium members only.

The historical data trend for Asia Cuanon Technology (Shanghai) Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Asia Cuanon Technology (Shanghai) Co Days Payable Chart

Asia Cuanon Technology (Shanghai) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 246.68 406.23 301.94 390.60 920.76

Asia Cuanon Technology (Shanghai) Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,113.17 660.97 783.85 1,249.54 2,369.76

SHSE:603378 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Asia Cuanon Technology (Shanghai) Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Asia Cuanon Technology (Shanghai) Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asia Cuanon Technology (Shanghai) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Asia Cuanon Technology (Shanghai) Co's Days Payable falls into.


SHSE:603378
38GF Score
Asia Cuanon Technology (Shanghai) Co Ltd SHSE:603378
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Cuanon Technology (Shanghai) Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Asia Cuanon Technology (Shanghai) Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1595.201 + 744.802) / 2 ) / 463.803*365
=1170.0015 / 463.803*365
=920.76

Asia Cuanon Technology (Shanghai) Co's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (744.802 + 751.224) / 2 ) / 28.803*365 / 4
=748.013 / 28.803*365 / 4
=2,369.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 2,369.76 mean?
Asia Cuanon Technology (Shanghai) Co (SHSE:603378) has a Days Payable of 2,369.76 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Asia Cuanon Technology (Shanghai) Co and its competitors. This is 923% above median its historical median of 231.61. Over the past decade, Asia Cuanon Technology (Shanghai) Co's Days Payable has ranged from 115.68 to 922.79. According to the industry distribution chart, Asia Cuanon Technology (Shanghai) Co ranks #16 out of 1553 companies in the Chemicals industry, placing it in the top 1%.
Is Asia Cuanon Technology (Shanghai) Co's Days Payable too high?
Asia Cuanon Technology (Shanghai) Co's current Days Payable of 2,369.76 is 923% above median its 10-year median of 231.61. Over the past 10 years, this metric has ranged from a low of 115.68 to a high of 922.79. The Chemicals industry median Days Payable is 59.87. Asia Cuanon Technology (Shanghai) Co's value of 2,369.76 is 3858.2% above this industry median. Based on the distribution chart, Asia Cuanon Technology (Shanghai) Co ranks #16 out of 1553 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Cuanon Technology (Shanghai) Co has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Cuanon Technology (Shanghai) Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asia Cuanon Technology (Shanghai) Co ranks #16 out of 1553 companies for Days Payable. This places Asia Cuanon Technology (Shanghai) Co in the top 1% of its industry — outperforming the majority of peers. The industry median Days Payable is 59.87. Asia Cuanon Technology (Shanghai) Co's value of 2,369.76 is 3858.2% above this benchmark. Historically, Asia Cuanon Technology (Shanghai) Co's own Days Payable has ranged from 115.68 to 922.79 over the past decade. While the company's 10-year median is 231.61 vs. the industry median of 59.87, Asia Cuanon Technology (Shanghai) Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Chemicals company?
The median Days Payable among Chemicals companies is 59.87, based on 1,553 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asia Cuanon Technology (Shanghai) Co's current Days Payable of 2,369.76 is 3858.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Asia Cuanon Technology (Shanghai) Co and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Cuanon Technology (Shanghai) Co's current Days Payable is 2,369.76, which is 923% above median its own 10-year median of 231.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Cuanon Technology (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Asia Cuanon Technology (Shanghai) Co (SHSE:603378) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥1.18, compared to a current price of ¥5.08 — trading 330.5% above its estimated fair value. The current Days Payable is 2,369.76, which is 923% above median its 10-year median of 231.61 and 3858.2% above the Chemicals industry median of 59.87. Asia Cuanon Technology (Shanghai) Co's overall GF Score™ is 38/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Asia Cuanon Technology (Shanghai) Co (SHSE:603378), the current Days Payable is 2,369.76 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Asia Cuanon Technology (Shanghai) Co (SHSE:603378) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Cuanon Technology (Shanghai) Co stock appears to be overvalued. The current stock price of ¥5.08 is trading 330.5% above its estimated GF Value™ of ¥1.18. GuruFocus considers Asia Cuanon Technology (Shanghai) Co to be Significantly Overvalued.

Key valuation signals for SHSE:603378:

  • Days Payable: 2,369.76 (923% above median its 10-year median of 231.61)
  • GF Value™: ¥1.18 vs. price of ¥5.08 (330.5% above fair value)
  • GF Score™: 38/100 with 10 warning signs
  • Industry Position: 3858.2% above the Chemicals median (#16 of 1553)

No single metric tells the full story. See the SHSE:603378 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Cuanon Technology (Shanghai) Co Business Description

Address No. 28 Xintao Road, 3rd and 4th floor, Comprehensive Building, Qingpu Industrial Park, Shanghai, CHN, 201707
Asia Cuanon Technology (Shanghai) Co Ltd is engaged in research and development, manufacturing and service of functional architectural coatings, thermal insulation decorative panels, fireproof and thermal insulation materials. The company's products are widely used in real estate, residential community, hotel/office, and public construction projects.
38GF Score

Get the complete analysis for SHSE:603378

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥5.08
Price
¥1.18
GF Value